0
0
April 14, 2021 at 04:01PM
• Sugar reversed from support zone
• Likely to rise to resistance level 16.55
Sugar recently reversed up from the support zone set between the key support level 15.00 (former resistance from December), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous extended upward impulse from September.
The upward reversal from this support zone started the active intermediate ABC corrective wave (B).
Sugar is likely to rise further toward the next resistance level 16.55 (top of the previous minor wave B from the middle of March).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/sugar-wave-analysis-14-april-2021-20210414/
Selected by fonecable.com
Search Web: Sugar Wave Analysis 14 April, 2021
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
